* * *]
[Schedule I] [Inserted by the Tamil Nadu Act 23 of 1973, w.e.f. 30.6.1973.]
(See section 4)
Amenities
(1)
Air-conditioner.
(2)
Lift.
(3)
Water-cooler.
(4)
Electrical heater.
(5)
Frigidaire.
(6)
Mosaic flooring.
(7)
Side dadoos.
(8)
Compound walls.
(9)
Garden.
(10)
Over-head tank for water-supply.
(11)
Electric pump and motor for water-supply.
(12)
Playground.
(13)
Badminton and Tennis Courts.
(14)
Sun-breakers.
(15)
Amenity referred to in the first proviso to sub-section (4) of section 4.
(16)
Usufructs, if any, enjoyed by the tenant.
(17)
Features of special architectural interest.
[Schedule II] [Inserted by the Tamil Nadu Act 23 of 1973, w.e.f. 30.6.1973.]
(See section 4)
Rates of Depreciation
Type of buildings
Rate of depreciation per annum
(1)
(2)
1.
Buildings built in lime mortar and in which teak
has been used throughout.
1 per cent.
2.
Buildings built partly of brick in lime mortar
and partly of brick in mud and in which teak has been used.
11/2 per cent.
3.
Buildings built in brick-in-mud and in which
country wood has been used.
2 per cent
4.
Buildings which are inferior to those of class 3
with brick-in-mud unplastered walls and mud floors and in which
cheap country wood has been used.
4 per cent.
Explanation. - (1) The depreciation shall be calculated for each year on the net value arrived at after deducting the amount of depreciation for the previous year.
(2)
The amount of depreciation shall, in no case, be less than ten per cent of the cost of construction of the building.
(3)
The actual depreciation of a building aged 'n' years is calculated by using the formula -
P =| A| (110 + r)n100
where
A = total cost of construction of the building,
r = rate of depreciation per annum,
n = age of the building (i.e., the number of years),
p = the final depreciated value of the building.
The amount of depreciation will be equal to ('A' - 'P') subject to a minimum often per cent of 'A'.